Reading NVRI? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track NVRI free→Reading NVRI? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track NVRI free→NYSEIndustrialsWaste ManagementSnapshot 2026-06-15
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak, and management's recent track record has been unsteady, with frequent disruptive corporate changes. The company was unprofitable over the past year, so its earnings quality can't be assessed. Peer multiples imply a price about 76% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk, as it trades below peer multiples but has weak recent financials and fragile earnings quality. If NVRI cuts guidance on the next call, that could be a meaningful negative. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 1 valuation methods, at three horizons. Current price $20.69. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $21 NVRI trades at 1× p/s, below its 3× p/s peer median. Our $85 fair value sits above the price; low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 76% below a flat-multiple fair value, below our forecast of about 1%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
No fragility gates fired.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated weak grew net income 58% of the time over the next year (vs 62% for the rest of the cohort, n=3678).
Over the trailing year it converted -0.69x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to real (inflation-adjusted) rates, long-term interest rates, the US dollar, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.12 → $-0.21 (-87.0% / 30d). 0 raised, 1 cut, 2 covering analysts.
0 upgrades, 0 downgrades / 30d. 33% of analysts rate Buy.
1 positive, 3 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$109.
How much price usually moves either way.
On a bad day, this stock has moved -$305.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,777.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Better cash flow is important for Enviri's finances. It shows the company is improving.
Confirms:Cash from operations will rise above $21.54M in the next quarter.
Disproves:Cash from operations falls or stays below $21.54M.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for NVRI yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On June 1, 2026, Enviri notified the NYSE of the consummation of the Merger and requested that the NYSE suspend trading of the Enviri Common Stock and file with the SEC a notification of removal from listing on Form 25 in order to effect the delisting of the Enviri Common Stock from the NYSE and the deregistration of the Enviri Common Stock under Section 12(b) of the Securities Exchange Act of…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Industrial Machinery & Supplies & Components.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
NVRI Enviri Corporation | Typical Show detailsSector percentile: 37 of 100 | inexpensive | moderate |
PH Parker Hannifin | Above typical Show detailsSector percentile: 78 of 100 | full | moderate |
ITW Illinois Tool Works | Above typical Show detailsSector percentile: 89 of 100 | fair | moderate |
GWW W. W. Grainger | Above typical Show detailsSector percentile: 77 of 100 | full | moderate |
DOV Dover Corporation | Typical Show detailsSector percentile: 63 of 100 | fair | low |
9 material management or governance events in the past 24 months, led by M&A activity. Historically, Industrials names rated volatile grew net income 59% of the time over the next year (vs 59% for the rest of the cohort, n=840).
Not investment advice. As of 2026-06-15.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Finalize the sale of Clean Earth and the spin-off of Harsco Environmental and Harsco Rail by Q2 2026.
Maintain the 2026 Adjusted EBITDA guidance for Harsco Environmental and Harsco Rail.
Enhance cash flow from operating activities to support business operations.
Complete the spin-off of Harsco Environmental and Harsco Rail segments into a separate company.
Proceed with the sale of the Clean Earth segment as part of restructuring.
Why it matters: This event is a big change for Enviri. It may help shareholders and focus operations.
Confirms:The Clean Earth sale and spin-off are done. Shares were given out as planned.
Disproves:Not completing the sale or spin-off on time may cause delays or problems.
Why it matters: Better cash flow from operations is key for managing debt and future investments.
Confirms:Net cash from operating activities is up compared to Q1 2026.
Disproves:Cash flow from operations goes down or stays the same, showing ongoing issues.
Why it matters: The spin-off could reshape Enviri's focus and growth potential. Investors want to see how it impacts the company's future.
Confirms:A press release confirms when Harsco will spin off its Environmental and Rail segments.
Disproves:There are no announcements or delays about the spin-off process.
Changes in Control of Registrant. As described above, the Spin-Off was completed on June 1, 2026. Immediately prior to the Holding Company Merger and the Distribution, New Enviri was a wholly owned subsidiary of Enviri and CLEH, respectively. In connection with the Spin-Off, CLEH distributed 28,103,750 shares of New Enviri Common Stock to its stockholders (the former stockholders of Enviri).
As described above, on June 1, 2026, pursuant to the Holding Company Merger and the Reorganization, Enviri merged with and into Enviri LLC, with Enviri LLC surviving, and Enviri LLC became a wholly-owned subsidiary of New Enviri. New Enviri is the sole member of Enviri LLC.
On June 1, 2026, pursuant to the terms of the Separation Agreement and the Merger Agreement, the Holding Company Merger, the Reorganization and the Distribution were completed. Holders of record of Enviri Common Stock immediately before the effective time of the Holding Company Merger received in the Holding Company Merger one share of CLEH Common Stock in exchange for each share of Enviri Common Stock held by them, and subsequently received in the Distribution one share of New Enviri Common…
Entry into a Material Definitive Agreement. General Prior to the opening of trading on the New York Stock Exchange (the “NYSE”) on June 1, 2026, the Holding Company Merger and Spin-Off were completed. Holders of record of Enviri Common Stock immediately before the effective time of the Holding Company Merger received in the Holding Company Merger one share of CLEH Common Stock in exchange for each share of Enviri Common Stock held by them, and subsequently received in the Distribution one sha…